iXBRL centre

Welcome to the iXBRL centre

Here you will find in one dedicated place all the information on iXBRL as published previously in Chartered Accountants Tax eNews and links to other relevant iXBRL information sources. Contact us at xbrl@charteredaccountants.ie

Latest iXBRL news

Tax

We have confirmed with Revenue that there is currently a technical difficulty with the format of their new DPL Taxonomy on the Revenue website and this means that there is no direct access to the new schema necessary to adopt the DPL.   We expect a solution from Revenue shortly.    As we reported last month, Revenue released their DPL taxonomy for use with the FRS 101, 102 and EU IFRS taxonomies when tagging financial statements for iXBRL filings.  At the moment, this DPL taxonomy is not working as intended.  Until such time that Revenue has fixed the error with their DPL taxonomy, the DPL information will be accepted if the information is tagged using typed dimension tags as follows: Further item of operating income/gain [income statement item, component of operating profit (loss)]; Further item of operating expense/loss [income statement item, component of operating profit (loss)]; and Further item of non-operating gain (loss) before tax [income statement item, component of profit or loss before tax]. We expect an eBrief to issue from Revenue shortly on this difficulty. We will report of any developments in Chartered Accountants Tax News.  

Dec 04, 2017
Tax

Revenue has released their DPL taxonomy for use with the FRS 101, 102 and EU IFRS taxonomies when tagging financial statements for iXBRL filings.  We will be meeting with Revenue to discuss the use of the DPL taxonomy as well as a number of current iXBRL filing issues in the coming weeks.   The DPL taxonomy is now accepted by Revenue although it is published as a wording draft to allow for consultation.  The DPL taxonomy is available to download from the Revenue website.   Revenue has confirmed with us that they updated their iXBRL FAQs in October 2017 for the following: Addition of new FAQ “The CT1 “Extracts from Accounts” menu contains mandatory fields for Turnover, Gross Profit and Profit (Loss) Before Tax etc. Does the DPL contain any mandatory fields?” to introduce mandatory tags in DPL. Update of table of accepted taxonomies in the question “What taxonomies will Revenue accept?” to incorporate the combined taxonomies for FRS101/102/EU IFRS + DPL. Addition of the term “Detailed Profit and Loss” on two lines of the question “Do I need to tag data which is listed in a Financial Statement but is not reported, such as data represented by a dash or a blank in a table?” to align this FAQ with the introduction of the DPL mandatory tags. Updates were also made to the FAQs in September 2017.  Details of the changes are available here.  Revenue has published information on the DPL taxonomy in eBrief No. 96/17.

Nov 06, 2017
Tax

As we approach the corporation tax return filing deadline for companies with a 31 December 2016 year end, just a reminder for those companies that file their financial statements in iXBRL that iXBRL returns are due within three months of the filing deadline.  However, refunds won’t be paid until the iXBRL financial statements are filed.   We would also like to remind you that if you miss the iXBRL filing deadline, a surcharge may be imposed, a restriction of group loss relief could apply and tax clearance could be delayed.  Further information on iXBRL filings is available on our iXBRL webcentre.   

Sep 18, 2017

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